Dimensional Fund Advisors LP raised its position in shares of Sempra Energy (NYSE:SRE) by 2.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 358,572 shares of the company’s stock after buying an additional 8,432 shares during the period. Dimensional Fund Advisors LP owned about 0.14% of Sempra Energy worth $40,875,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Riggs Asset Managment Co. Inc. purchased a new stake in shares of Sempra Energy during the second quarter valued at $114,000. FineMark National Bank & Trust boosted its stake in shares of Sempra Energy by 4.3% in the second quarter. FineMark National Bank & Trust now owns 1,134 shares of the company’s stock valued at $129,000 after buying an additional 47 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Sempra Energy by 37.8% in the second quarter. Financial Architects Inc now owns 1,784 shares of the company’s stock valued at $204,000 after buying an additional 489 shares in the last quarter. Corundum Group Inc. purchased a new stake in shares of Sempra Energy during the second quarter valued at $205,000. Finally, Buckingham Asset Management LLC purchased a new stake in shares of Sempra Energy during the second quarter valued at $216,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sempra Energy (NYSE:SRE) opened at 104.01 on Friday. Sempra Energy has a 1-year low of $86.72 and a 1-year high of $114.66. The company has a market capitalization of $26.01 billion, a PE ratio of 27.47 and a beta of 0.49. The stock’s 50 day moving average is $105.58 and its 200 day moving average is $107.04.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by $0.18. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The business earned $2.16 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the firm earned $1.03 EPS. Sempra Energy’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Sempra Energy will post $4.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Thursday, September 29th were given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Tuesday, September 27th. Sempra Energy’s payout ratio is presently 79.68%.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. Argus reissued a “buy” rating on shares of Sempra Energy in a research note on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Sempra Energy currently has an average rating of “Hold” and an average target price of $110.87.
In other news, SVP Trevor I. Mihalik sold 5,659 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total value of $604,720.74. Following the completion of the transaction, the senior vice president now directly owns 2,615 shares in the company, valued at approximately $279,438.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William P. Rutledge sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $107.20, for a total transaction of $536,000.00. Following the completion of the transaction, the director now owns 10,838 shares of the company’s stock, valued at $1,161,833.60. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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